Stock Technical indicators to notice in SGL GROUP (SGL.SG)
1- Last bullish trend was from 28.60 $ (2/20/2014) to 29.68 $ (2/24/2014) a 1.08 $ move 2- The current bearish trend started from 29.68 $ at 2/24/2014 and is currently trading at 26.23 $.
SGL GROUP (SGL.SG) Short term stock chart patterns for internet stock trading :
4- The Stock formed a 4.160 $ height triangle which was broken down at 28.770, target of the pattern is 24.610.
SGL GROUP (SGL.SG) Mid term stock chart patterns for internet stock trading :
SGL GROUP (SGL.SG) Long term stock chart patterns for internet stock trading :
5- The Stock formed a 4.990 $ height triangle which was broken down at 26.230 in higher than usual volume, target of the pattern is 21.240.
Stock Trading Conclusion:
SGL GROUP (SGL.SG) was trading in a bearish wave, which is becoming stronger .
Technical indicators and stock chart patterns show bearish direction,
recommend hedging long positions or entering short position or bearish spread options strategy in online trading .
Stock Resistance Levels : 26.76, 27.04, 27.55, 27.95, 28.36, 29.68, 30.54.
Stock Support levels : 24.61,.